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DASH was Launched in 2014, the cryptocurrency Dash was originally known as Xcoin. After being rebranded as Darkcoin, it landed on its current name, Dash, in March 2015. When it was initially created, it was designed to ensure user privacy and anonymity. Dash aims to become a medium for daily transactions, and it has cast a wide net to realize that ambition. In 2018, the digital cash company expanded into Venezuela, the cryptocurrency's first foray into an economically distressed country.
Demand for cryptocurrency—and the number of Dash users—has rapidly increased since the virtual currency was first introduced three years ago. The reason for this is the need for a transactional currency; Venezuela is currently experiencing a period of significant civil unrest and hyperinflation to such a degree that the local currency (Boliva) has been essentially rendered valueless.
Dash’s innovation was a two-tiered structure to its blockchain. The first tier is familiar to anyone who has studied Bitcoin, Bitcoin Cash, Litecoin, and other standard proof of work cryptocurrencies. On Dash, miners are responsible for creating new blocks and securing the blockchain. In exchange for mining blocks, miners on Dash receive 45 percent of the block reward. This is in contrast to Bitcoin, where miners receive 100 percent of the block reward. The remaining 55 percent of the block reward is allocated elsewhere, as we’ll see shortly.
Dash has an average 2.5 minute block time, four times faster than Bitcoin. For the mining, the development team created a proprietary hashing algorithm known as X11 that requires sequential, repeated hashing. The X11 algorithm has been shown to use 30% less wattage than Litecoin’s Scrypt algorithm.
DASH had a fairly uneventful first couple of years price-wise. It wasn’t until the start of 2017 that the DASH price took off, blasting from around $10 (~0.0105 BTC) to reach an all-time bitcoin high of ~0.1083 BTC (or $110). That equates to a 1000 percent increase in USD and over 900 percent rise in BTC – within just three months.
This extreme price swing was most likely caused by a couple of factors. Arguably the most impactful cause was the announcement of a release date for the first steps of Evolution.
The Dash price today is $164.41 USD with a 24-hour trading volume of $228.91M USD. Dash (DASH) is up 4.42% in the last 24 hours.
The quick snapshot of ROI in the year 2020 till today is 139% and Dash underperformed in 'Cryptocurrency, Masternodes' categories which had 1218% growth over the past year.
Dash underperformed in the crypto market which had 3542% growth over the past year, you can read more here.
The dash`s Popularity shows that TWITTER has a nfinity% Growth Rate so it is perfect for Dash`s marketing system, but Telegram with a 2% Growth Rate and Reddit with a 7% Growth Rate is not as perfect as TWITTER! If you want to learn more about the chart you can read here.
The Market Cap has descending trend, but the chart has a 71% Liquidity Score at all, you can read more here.
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